IMF Deal: Pakistan Expected To Introduce Mini-budget For Second Review
Pakistan is considering the implementation of a mini-budget to address concerns raised by the International Monetary Fund (IMF) regarding tax collection from the property and agriculture sectors, the sources said on Friday.
The IMF has requested a comprehensive plan for improving tax collection, specifically targeting the property and agriculture sectors, as part of the second review of the $3 billion Stand-By Arrangement (SBA) between Pakistan and the international lending institution.
Insiders familiar with the matter have revealed that the IMF is urging Pakistan to enhance tax collection from the property and agriculture sectors by raising tax rates. The decision to impose taxes on these sectors will be made by the new government, and if approved by the Federal board of Revenue (FBR), a mini-budget is expected to be introduced.
